A 2014 survey by the Pew Charitable Trust found that 5 percent of American adults use prepaid cardsâthatâs roughly 12 million people! For the record, these arenât gift cards that weâre talking about. In the Pew survey, âprepaid cardâ refers...
The post Prepaid Debit Card or Secured Credit Card: Which is Best For You? appeared first on MintLife Blog.
From credit cards to mortgages, APRs can be one of the most confusing aspects of securing a loan. While monthly or annual interest is rather straightforward, APRs encompass extraneous fees that arenât immediately obvious. A higher APR can significantly affect...
The post What is APR? Info and Tips on Lowering Annual Percentage Rates appeared first on MintLife Blog.
Timely payments are the most important factor of your credit score, accounting for a full 35% of your score. While mortgage payments, car loans, and credit cards are all reported in this section, a huge…
The post How to Build Your Credit History By Paying Rent appeared first on Crediful.
At first glance, credit monitoring might seem complicated and unnecessary. But itâs surprisingly easy â and has huge payoffs. When you keep an eye on your credit, you can watch for errors and any fraudulent activities like identity theft. As...
The post Everything You Need to Know About Credit Monitoring appeared first on MintLife Blog.
Establishing credit is one of the first steps on your financial journey. Having credit allows you to secure a loan, get a credit card, rent property and more. This is why knowing how to establish credit is key to meeting...
The post How to Establish Credit: 7 Ways to Build Your Credit Score appeared first on MintLife Blog.
Launched in 2006 by the three major credit bureaus Experian, Equifax and TransUnion, the VantageScore is a credit scoring model that was created as an alternative to the FICO score. Both credit scoring systems feature a three-digit number that financial...
The post What Affects My VantageScore? (Infographic) appeared first on MintLife Blog.
A great way to stay on top of your credit is by using the free Transunion and Equifax credit scores via Credit Karma. Here's what else they do.
The post Credit Karma: Get Your Credit Score For Free appeared first on Bible Money Matters and was written by Peter Anderson. Copyright Â© Bible Money Matters - please visit biblemoneymatters.com for more great content.
âTo err is human,âÂ the famous Alexander Pope quote begins. It’s a good reminder that everyone runs the risk of making a choice they may regret — even when it comes to finances. As a matter of fact, theÂ Consumer Federation of...
The post Watch Out for These 5 Financial Pitfalls appeared first on MintLife Blog.
Individuals with higher levels of financial literacy tend to adhere to better financial practices – such as having anÂ emergency fundÂ andÂ planning for retirementÂ – and are also more likely toÂ build wealthÂ further by investing in the stock market. Many Americans, however, lack financial … Continue reading →
The post Where Americans Are Most and Least Financially Literate – 2021 Edition appeared first on SmartAsset Blog.